D a 53000 increase in net sales revenue 9 Atlantis Inc repor

D) a $53,000 increase in net sales revenue 9) Atlantis, Inc. reported the following data 201 $6,390 2016 Amount Percentage evenues $4,940 29.35 42 17.32 ost of goods sold 2,4 1,01 ross profit 2,98 440 perating expenses: Sales and marketing expense General and administrative 12 xpenses 450 Research and development expense 2.13% 75 2,26 27 (330 (44.00 8.61 ther expense 42 2,07 91 24 $67 Total operating expenses Income before income tax (195 $2 $55 $615 1,118.18 635 230.91 9.09% Income tax expense Net income (loss) (Round your answer to two decimal The horizontal analysis shows that cost of goods sold has places.) A) increased by 29.35% B) decreased by 29.35% C) increased by 42.08% D) decreased by 42.08%

Solution

The horizontal analysis shows that the cost of goods of sold has increased by 42.08% by $1010 Option C is correct